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Look for Shares of Fidelity Nationa to Potentially Pullback after Yesterday's 2.60% Rise

Comtex SmarTrend(R) - Fri Oct 23, 12:03PM CDT

Fidelity Nationa (NYSE:FIS) traded in a range yesterday that spanned from a low of $142.93 to a high of $144.94. Yesterday, the shares gained 2.6%, which took the trading range above the 3-day high of $143.19 on volume of 1.1 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

In the past 52 weeks, Fidelity Nationa share prices have been bracketed by a low of $91.68 and a high of $158.21 and are now at $143.53, 57% above that low price. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has declined 0.2%.

SmarTrend is tracking the current trend status for Fidelity Nationa and will alert subscribers who have FIS in their portfolio or watchlist when shares have changed trend direction.

Write to SmarTrend at cs@mysmartrend.com

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